Oil | Egypt Oil & Gas - Part 2

ExxonMobil Increases Guyana Oil Output, Hesitant About Next Auction Offer

ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having troub ...

Exports Restart After spillage at Iraq’s Basrah oil terminal

Basrah Oil Company announced that oil loading and exporting operations at the Basrah oil terminal in Iraq have resumed following a spillage that was stopped recently but has since been contained, Reuters reported. ...

OPEC Sticks to Its Strong Oil Demand Growth Forecasts for 2022, 2023

OPEC maintained its predictions for strong growth in global oil demand in 2022 and 2023, citing indications that major economies were performing better than anticipated despite challenges including rising inflatio ...

Russia Opposes Any Potential OPEC+ Oil Output Cut

Sources talking to the Wall Street Journal stated that Russia does not favor a reduction in oil production at this time and that it is probable OPEC+ will maintain its output.

Schlumberger, Aker Solutions to Merge Subsea Oil and Gas Construction Business

Schlumberger, a U.S. engineering company, and Aker Solutions (AKSOA.OL), a Norwegian company, intend to combine their underwater oil and gas construction businesses and add Subsea 7, an Oslo-listed competitor, as ...

Apache to Boost Production From Egypt’s Fields

Minister of Petroleum and Mineral Resources Tarek El Molla met with Apache Corporation CEO and President John Christmann, who is currently visiting Egypt. The meeting took place in the presence of David Chi, Vice- ...

Egypt, Algeria Discuss Oil, Gas Partnerships

As part of his participation in the ministerial delegation headed by Prime Minister Mostafa Madbouly in the eighth session of the Egyptian-Algerian Joint Higher Committee, Minister of Petroleum and Mineral Resourc ...

Apex to Ramp Up Oil Production in Egypt’s Western Desert

In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Apex Chairman of the Board of Directors Roger Plank, Apex CEO based in Cairo Thomas Maher and their accompanying delegation discussed t ...

Egypt, Jordan Sign MoU to Collaborate in Oil, Gas, Mining, Petrochemicals

Minister of Petroleum and Mineral Resources Tarek El-Molla and his Jordanian counterpart Minister of Energy and Mineral Resources Saleh Al-Kharabsheh signed a memorandum of understanding (MoU) for bilateral  coope ...

Equinor, ExxonMobil to Expand Production in Brazil 

Equinor SA and Exxon Mobil Corp announced that they have taken the first steps to expand thier oil development in Brazil with costs $8 billion.

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